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How to select the Best Currency Pair for Investment?

lavis_book
Jul 31 2019 at 09:18
38 postów
To select a good currency pair, it is very important that you analyze all the charts carefully and also check for all the market updates. According to the market situation and your portfolio requirements, choose currency pairs that suit you. Don’t follow the crowd and do try to pair strong currencies against the weak ones. Then run technical analysis on the currency pairs you have shortlisted to finally reach to a decision.

Thang (Minhthang2603)
Jul 31 2019 at 10:17
20 postów
TanEric posted:
Can anyone help me in knowing the best currency pairs for trading in the forex market? I am dilemma please help me or share any link which could help me in knowing that.

There are no best currency pairs to trade!

Sven98
Oct 31 2019 at 11:54
41 postów
First identify whether the pair is trending or non trending pair. Second figure out what type of strategy you will be trading.

GeorgeBischof
Sep 04 2020 at 10:34
318 postów
If you want to select the best pair, you have to research the market properly. You should be very careful. You should properly analyze the market before choosing the pair.

Adam Cantor (AdamCantor)
Sep 06 2020 at 09:37
98 postów
TanEric posted:
Can anyone help me in knowing the best currency pairs for trading in the forex market? I am dilemma please help me or share any link which could help me in knowing that.


start with th majors. maybe try some metals too

LeviSievwright5
Sep 07 2020 at 02:18
298 postów
There are many types of currencies in Forex trading. The best of these currencies is the major currency. I have chosen to trade some currencies from this major currency. These are EURUSD, AUDUSD, USDJPY, EURJPY, and GBPUSD. The spread in these pairs is much less and the movement is much better. I make a lot of profit by trading in these pairs.

SteveHanks
Oct 04 2021 at 20:26
536 postów
lavis_book posted:
To select a good currency pair, it is very important that you analyze all the charts carefully and also check for all the market updates. According to the market situation and your portfolio requirements, choose currency pairs that suit you. Don’t follow the crowd and do try to pair strong currencies against the weak ones. Then run technical analysis on the currency pairs you have shortlisted to finally reach to a decision.

Proper knowledge and experience will help you.

LyudmilLukanov
Oct 06 2021 at 06:12
793 postów
Major pairs are best in terms of volatility, spreads.

Beagelv
Oct 06 2021 at 07:54
81 postów
I choose from a large number of tools at Amarkets, I choose the most profitable based on analytical reviews

SofieAndreasen
Oct 06 2021 at 12:30
759 postów
I prefer EURUSD and GBPUSD. Those are my favorite pairs.

skihav
Oct 06 2021 at 13:18
801 postów
Alternatively, try different pairs on a demo account and choose one or another pair based on the results.

Seb King (sebking1986)
Oct 07 2021 at 14:17
357 postów
I personally started with EURUSD and then expanded to a few more from there. My reasoning was that it is closely inversely tied to the DXY and thus a strong confluence can be drawn from it.

If you can't spot the liquidity then you are the liquidity.
AliForexTalks
Oct 09 2021 at 19:09
94 postów
First, identify whether the pair is a trending or non-trending pair. Second, figure out what type of strategy you will be trading. Finally, you want to know the average true range of that pair (which means how much the pair moves on a day-to-day basis).

Daniel993
Oct 11 2021 at 12:15
46 postów
To find the best currency pair, I traded with FP markets demo accounts to trade with several pairs and find the suitable one. I suggest trying the same method and also compared the pairs with market research.

skihav
Oct 11 2021 at 13:23
801 postów
Alternatively, try working with them on a demo account. This will allow you to both gain experience and not lose money when choosing the most profitable option.

Reece Rispoli (reece22)
Oct 12 2021 at 19:00
68 postów
TanEric posted:
Can anyone help me in knowing the best currency pairs for trading in the forex market? I am dilemma please help me or share any link which could help me in knowing that.


You looking for long term or short term

AliForexTalks
Oct 16 2021 at 17:14
94 postów

EUR/USD.
USD/JPY: Trading the 'Gopher'
GBP/USD: Trading the 'Cable'
AUD/USD: Trading the 'Aussie'
USD/CAD: Trading the 'Loonie'
USD/CNY: Trading the Yuan.

SteveHanks
Dec 11 2021 at 06:15
536 postów
You can trade on a demo account first to find the best pair.

Atorgeru
Feb 03 at 15:00
12 postów
Test all currency pairs available with your broker on a demo account and you will know what’s good for you. There’s no need to ask anybody what to trade. Find it out on your own. Of course, it will take some time but in the end you will know for sure what’s really compatible with you.

frandunn
Feb 23 at 07:19
20 postów
“Best” is very subjective. All pairs work differently because they all trend differently. For instance, I can trade EUR/USD rather than USD/JPY. All pairs require different analyses. It is up to you which pair you can trade well. So if you are new, try to trade with 2-3 pairs and test yourself out. However, go for major pairs or pairs which have high liquidity. You can go with EUR/USD because it is easy to trade for beginners.

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